Monday 1 June 2020

Arabtec Holding names Group CEO, finance head

DUBAI, April 9, 2020

Arabtec Holding, a leading contractor for  social  and  economic  infrastructure,  has  announced  that  Peter  Pollard  will  handover the role of Group  Chief  Executive Officer to Wail Farsakh, currently Group Chief Operating Officer (GCOO) for Arabtec.  
Farsakh joined  Arabtec  as  GCOO  in  September  2019  and  has  primarily  focused  on  restructuring  Arabtec’s construction  business. 
Farsakh has over 33 years’ experience in the UAE starting as a structural engineer, progressing to General  Manager.  During this  tenure,  Farsakh has  delivered  civil,  marine,  roads,  retail,  residential  and  hospitality projects. 
Farsakh holds a Bachelor and a Master of Science in Civil Engineering from the University of Iowa and an MBA from Bradford University. 
Arabtec Holding's board  has also  announced  the  appointment  of  Najeh Awad  as the new Acting  Group  Chief  Financial Officer.  
He  has  over  27  years’  of  international  and  UAE  experience  in  finance,  risk,  investments  and operations. 
Awad had earlier worked with Ernst & Young, PWC and JP Morgan in the US and in the 
UAE with Abu Dhabi General Services (Musanada) as CFO, the real estate and project management arm of Government of Abu Dhabi. 
Most recently, he was Group CFO for Abu Dhabi-listed Abu Dhabi Ship Building. He brings a deep understanding of contracting, along with strong  relationships with key stakeholders within Abu Dhabi and  Federal Government, Regulators and Banks. 
Awad holds a Bachelor’s degree in Accounting and Minor degrees in Economics from the University of Jordan and qualified CPA, GCMA and licensed to practise in the US.
Lauding the appointments, the board members said: "We  would  like  to  take  this  opportunity  to  thank  Peter  for  his leadership and commitment over the past three years, which has allowed Arabtec to rebuild a long-term leadership team." 
In  the  past  eight months,  considerable  progress  has  been made  in  closing  out  legacy 
projects, strengthening line and project management and closely aligning the group’s construction related businesses, it added.-TradeArabia News Service 


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